Variable annuities are long-term investment vehicles designed for retirement purposes which allow you to allocate contributions among variable investment options that have the potential to grow tax-deferred with an option to receive a stream of income at a later date. Early withdrawals from variable annuities may be subject to surrender charges, and if taken prior to age 59 1/2, a 10% IRS penalty may apply. Withdrawals will also reduce the applicable death benefit and cash surrender value/account value.

The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-282-6295. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.

These numbers reflect total Separate Account charges of 0.90% on an annual basis. They also assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses.

Depending upon the type of contract in which you participate, you have either received prospectuses and/or prospectus summaries for the separate account and the funds. You should consider the investment objectives, risks and charges, and expenses of the variable product and its underlying fund options carefully before investing. The prospectus contains this and other information. Anyone who wishes to obtain a free copy of the separate account and/or fund prospectuses may call their Voya representative or the number above. Please read the prospectus or prospectus summaries carefully before investing.

Returns less than one year are not annualized. Fund Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. The fund inception date indicates the inception date of the underlying investment portfolio, which may precede the portfolio's inclusion in the product.

Investment Options

1-Mo

3-Mo

YTD

1-Yr

3-Yr

5-Yr

10-Yr

Incept

Fund Inception Date

Stability of Principal

Money Market

Voya Government Money Market Portfolio - Class I - 003 (2)

0.03

0.08

0.10

-0.01

-0.50

-0.65

-0.57

01/01/1980

The 7-day annualized Subaccount yield as of 04/30/2018 is 0.51%, which more closely reflects current earnings.
(4)

Stability of Principal

Voya Fixed Plus Account II (4568) - 4568 (1)(3)

0.24

0.72

0.98

3.00

3.00

3.00

3.06

This fund is not part of the product's separate account.

Bonds

Intermediate-Term Bond

Voya Intermediate Bond Portfolio - Class I - 004

-0.84

-1.47

-2.35

-0.32

1.02

1.50

3.40

05/23/1973

World Bond

Voya Global Bond Portfolio - Initial Class - 422

-1.26

-1.89

0.29

5.54

2.69

0.61

2.54

11/08/2004

Balanced

Allocation--50% to 70% Equity

Voya Balanced Portfolio - Class I - 008

-0.02

-3.83

-1.26

6.67

4.30

5.96

4.55

04/03/1989

VY® T. Rowe Price Capital Appreciation Portfolio - Service - 788

0.28

-3.04

0.42

7.55

7.62

9.61

7.93

01/24/1989

Large Cap Value

Large Blend

Invesco V.I. Core Equity Fund - Series I Shares - 079

0.33

-5.49

-1.17

5.73

3.85

6.83

5.56

05/02/1994

Voya U.S. Stock Index Portfolio - Institutional Class - 829

0.31

-6.05

-0.75

11.96

9.27

11.65

7.77

05/03/2004

Large Value

Fidelity VIP Equity-Income Portfolio - Initial Class - 108

0.15

-8.57

-4.43

3.65

5.23

7.57

5.20

10/09/1986

Large Cap Growth

Large Growth

American Funds The Growth Fund of America - Class R-4 - 572

1.36

-3.66

4.09

18.35

11.69

13.73

8.16

12/01/1973

Fidelity VIP Contrafund Portfolio - Initial Class - 133

0.50

-5.13

0.67

11.75

8.18

11.34

7.15

01/03/1995

Neuberger Berman Sustainable Equity Fund - Trust Class - 1120

0.10

-4.97

0.27

10.36

7.66

10.49

7.06

03/16/1994

VY® T. Rowe Price Growth Equity Portfolio - Initial Class - 111

1.18

-3.89

4.77

20.62

13.09

15.85

10.24

11/28/1997

Small/Mid/Specialty

Mid-Cap Blend

Voya Index Plus MidCap Portfolio - Class I - 053

-0.79

-4.88

-2.39

5.15

6.63

9.74

7.75

12/16/1997

Mid-Cap Growth

Voya MidCap Opportunities Portfolio - Class I - 081

-2.16

-5.23

-0.37

11.99

8.07

10.73

9.30

05/05/2000

VY® Baron Growth Portfolio - Service Class - 436

0.85

-1.48

3.44

14.35

8.25

10.20

8.85

05/01/2002

Small Blend

Voya Small Company Portfolio - Class I - 042

0.29

-4.61

-1.57

4.62

8.73

11.24

8.78

12/27/1996

Global / International

Foreign Large Growth

American Funds EuroPacific Growth Fund - Class R-4 - 573

0.15

-4.85

0.88

16.31

5.71

6.78

3.20

04/16/1984

World Large Stock

VY® Oppenheimer Global Portfolio - Initial Class - 432

0.64

-6.61

0.41

18.55

8.83

10.00

6.91

05/01/2002

The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility.

Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.

Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed.

High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities.

Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities.

PERFORMANCE UPDATE

Voya Retirement Insurance and Annuity Company

FLORIDA UNIVERSITY SYSTEM ORP

Variable Annuity Account 1, Standardized Returns

Average Annual Total Returns as of 03/31/2018 (shown in percentages)

The performance data quoted represents past performance. Past performance does not guarantee future results. For month-end performance which may be lower or higher than the performance data shown please call 800-282-6295. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost.

These numbers reflect total Separate Account charges of 0.90% on an annual basis. They also assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses.

Returns less than one year are not annualized. VAA Inception Date is the date on which contributions were first received in this fund under the Variable Annuity Account, and is the date used in calculating the periodic returns.

Investment Options

1-Mo

3-Mo

YTD

1-Yr

3-Yr

5-Yr

10-Yr

Incept

VAA Inception Date

Stability of Principal

Money Market

Voya Government Money Market Portfolio - Class I - 003 (2)

0.03

0.06

0.06

-0.08

-0.54

-0.68

-0.56

02/29/1996

The 7-day annualized Subaccount yield as of 03/31/2018 is 0.42%, which more closely reflects current earnings.
(4)

Bonds

Intermediate-Term Bond

Voya Intermediate Bond Portfolio - Class I - 004

0.29

-1.52

-1.52

1.43

1.23

1.93

3.44

01/31/1996

World Bond

Voya Global Bond Portfolio - Initial Class - 422

0.80

1.57

1.57

8.23

3.60

1.31

2.72

03/30/2005

Balanced

Allocation--50% to 70% Equity

Voya Balanced Portfolio - Class I - 008

-0.55

-1.24

-1.24

7.78

4.49

6.34

4.84

02/29/1996

VY® T. Rowe Price Capital Appreciation Portfolio - Service - 788

-0.47

0.14

0.14

8.73

7.39

9.86

10.82

05/25/2010

Large Cap Value

Large Blend

Invesco V.I. Core Equity Fund - Series I Shares - 079

-1.91

-1.50

-1.50

6.22

4.04

6.99

5.83

10/12/2000

Voya U.S. Stock Index Portfolio - Institutional Class - 829

-2.64

-1.05

-1.05

12.68

9.48

11.98

8.24

05/03/2004

Large Value

Fidelity VIP Equity-Income Portfolio - Initial Class - 108

-3.10

-4.58

-4.58

3.98

5.92

8.00

5.80

01/31/1996

Large Cap Growth

Large Growth

American Funds The Growth Fund of America - Class R-4 - 572

-2.22

2.68

2.68

18.98

11.75

13.80

8.54

05/03/2004

Fidelity VIP Contrafund Portfolio - Initial Class - 133

-1.88

0.17

0.17

12.67

8.13

11.46

7.70

03/29/1996

Neuberger Berman Sustainable Equity Fund - Trust Class - 1120

-1.81

0.17

0.17

10.49

7.56

10.42

11.83

06/04/2010

VY® T. Rowe Price Growth Equity Portfolio - Initial Class - 111

-3.26

3.55

3.55

23.62

12.72

15.94

10.81

11/28/1997

Small/Mid/Specialty

Mid-Cap Blend

Voya Index Plus MidCap Portfolio - Class I - 053

0.46

-1.61

-1.61

7.17

6.36

10.16

8.54

05/04/1998

Mid-Cap Growth

Voya MidCap Opportunities Portfolio - Class I - 081

-0.14

1.83

1.83

16.34

8.37

11.28

11.48

03/22/2013

VY® Baron Growth Portfolio - Service Class - 436

2.03

2.57

2.57

18.01

6.88

9.99

9.45

09/27/2006

Small Blend

Voya Small Company Portfolio - Class I - 042

-0.30

-1.85

-1.85

5.12

8.09

11.17

9.20

05/30/1997

Global / International

Foreign Large Growth

American Funds EuroPacific Growth Fund - Class R-4 - 573

-0.87

0.72

0.72

19.67

6.59

7.45

3.61

05/03/2004

World Large Stock

VY® Oppenheimer Global Portfolio - Initial Class - 432

-2.52

-0.22

-0.22

22.54

8.84

10.58

7.39

03/30/2005

The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility.

Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks.

Some of the Funds invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the Funds are not insured nor guaranteed.

High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities.

Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities.

ADDITIONAL NOTES

(1)

The current rate for the Voya Fixed Plus Account II (4568) MC 901, Fund 4568 is 3.00%, expressed as an annual effective yield. The current rate may change and be higher or lower than the previously identified rate but is guaranteed not to be less than 3.00%. VRIAC will not apply a decrease to the current rate following a rate change initiated solely by us prior to the last day of the three-month period measured from the first day of the month in which such change was effective. Note: The current rate for an initial investment in the fixed account previously identified may be in effect for less than a full three-month period.

(2)

YOU COULD LOSE MONEY BY INVESTING IN THE FUND. ALTHOUGH THE FUND SEEKS TO PRESERVE THE VALUE OF YOUR INVESTMENT AT $1.00 PER SHARE, IT CANNOT GUARANTEE IT WILL DO SO. AN INVESTMENT IN THE FUND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. THE FUND'S SPONSOR HAS NO LEGAL OBLIGATION TO PROVIDE FINANCIAL SUPPORT TO THE FUND, AND YOU SHOULD NOT EXPECT THAT THE SPONSOR WILL PROVIDE FINANCIAL SUPPORT TO THE FUND AT ANY TIME.

(3)

The Investment Option is not part of the Separate Account. The returns listed do not include the impact of contract charges. Please refer to the contract to determine which Fixed Interest Options are available for your specific plan.

(4)

The current yield reflects the deduction of all charges that are deducted from the total return quotations shown.

Insurance products, annuities and funding agreements issued by Voya Retirement Insurance and Annuity Company, One Orange Way Windsor, CT 06095, (VRIAC), which is solely responsible for meeting its obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services, LLC. All companies are members of the Voya family of companies. Securities are distributed by or offered through Voya Financial Partners, LLC (member SIPC) or other broker-dealers with which it has a selling agreement.

Read the prospectuses carefully before you invest or send money. Please note that this product is not offered in the States of New York and Oregon.

Creation Date: Thursday, May 24, 2018

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners LLC (member SIPC). All companies are members of the Voya™ family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Product and services may not be available in all states.